Economic Freedom and the Process of Economic Growth: An Empirical Analysis Based on a New Measure
| dc.contributor.author | Kapas, Judit | |
| dc.contributor.author | Czegledi, Pal | |
| dc.date.accessioned | 2021-07-01T09:45:38Z | |
| dc.date.available | 2021-07-01T09:45:38Z | |
| dc.date.issued | 2010-06-14 | |
| dc.description.abstract | This paper, relying on a conceptualization of economic freedom in terms of kinds of government actions, develops a new measure of economic freedom. However, this is not art for art’s sake; instead, it allows us to provide an explanation for how particular institutions of economic freedom enhance economic development, a view upon which scholars agree. We develop two concepts related to economic freedom, namely the freedom-compatible and freedom-non-compatible institutions and use them as tools in an analysis of the process of economic growth, especially the relationship between economic freedom and long-run income. The major argument is that freedom-compatible institutions are primary determinants of income, while freedom-non-compatible institutions depend upon them and are partly the outcomes of the growth process itself, a fact which is explained by the Misesian theory of interventionism. Our regression analyses support our theoretical insights. JEL Classification: B53, H10, O10 | en |
| dc.format | application/pdf | |
| dc.identifier.citation | Competitio, Vol. 9 No. 1 (2010) , 5-30 | |
| dc.identifier.doi | https://doi.org/10.21845/comp/2010/1/1 | |
| dc.identifier.eissn | 2939-7324 | |
| dc.identifier.issn | 1588-9645 | |
| dc.identifier.issue | 1 | |
| dc.identifier.jatitle | Com | |
| dc.identifier.jtitle | Competitio | |
| dc.identifier.uri | https://hdl.handle.net/2437/320219 | en |
| dc.identifier.volume | 9 | |
| dc.language | en | |
| dc.relation | https://ojs.lib.unideb.hu/competitio/article/view/6864 | |
| dc.rights.access | Open Access | |
| dc.rights.owner | University of Debrecen | |
| dc.subject | economic freedom | en |
| dc.subject | institutions | en |
| dc.subject | rule of law | en |
| dc.subject | government | en |
| dc.subject | interventionalism | en |
| dc.title | Economic Freedom and the Process of Economic Growth: An Empirical Analysis Based on a New Measure | en |
| dc.type | folyóiratcikk | hu |
| dc.type | article | en |
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